Cholamandalam MS General Insurance
Cholamandalam MS General Insurance Company Ltd (Chola MS) is an Indian assurance firm and a joint venture between the Murugappa Group, an Indian conglomerate, and the Mitsui Sumitomo Insurance Group (MSIG), a Japanese assurance company.
The firm produces a range of assurance schemes, including accident, engineering, health, liability, marine, motor, property, travel and rural insurance for individuals and corporate assurance. The company achieved a Gross Written Premium (GWP)of Rs. 1,346.5 Crores in 2011 - 12. The company has 93 branches and over 6,000 agents across the country.
The company's motto is 'T3' – 'Trust, Transparency and Technology'. Chola MS was named the best insurance company in India for “In time Claims Settlement for the year 2011 - 12” in the Rashtriya Swasthya Bima Yojana (RSBY) scheme run by the Ministry of Labour & Employment, Government of India. IndusInd Bank offers Insurance for individuals as well as corporate customers in association with Chola MS.
The company has also been awarded “Financial Insights Innovation Award” for innovation in mobile enablement – Claims Survey Process at the Asian Insurance Congress held in Singapore in 2011.
Read more about Cholamandalam MS General Insurance: Corporate History, Business Lines, Awards and Recognition
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